Central Bank Patna Patna Bihar MICR CODE

Find MICR Codes for Central Bank Patna Patna Bihar

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MICR Code
Bank Central Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Saguna More
Contact 022-22612008
Bank Details Central Bank Of India Saguna More CBIN0284605
Location Patna, Patna
City Patna
District Patna
State Bihar
Pincode 801503
Country IN
Address Central bank of india, mandal market, main road, maenpur, near saguna more, po & ps - danapur, patna-801503, patna, bihar
Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 0 for Saguna More branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 0 of Central Bank Of India, Saguna More branch makes the system almost error free and faster. Use of Central Bank Of India MICR codes for Saguna More branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Central Bank Saguna More

Central Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Central Bank Of India MICR code for Saguna More is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 0 is the MICR code of Central Bank India for Saguna More branch. MICR code for Saguna More branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for Central Bank Of India Saguna More is presented in the table alongside.

Use of Central Bank Of India MICR code for Saguna More branch in patna

The MICR code 0 is used in RBI cheque clearing process to identify the branch Saguna More and Central Bank Of India bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of Central Bank India is typically in either of these two font’s: E-138 and CMC-7.

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